Diamond Trading Company
| Industry | Sale of rough (uncut) diamonds |
|---|---|
| Headquarters | Johannesburg , South Africa |
Area served | Worldwide |
Key people | Paul Rowley, Managing Director |
| Products | Diamonds |
| Services | Rough diamond sales |
| Parent | De Beers (50% with government in each country with an office) |
| Website | www |
The Diamond Trading Company (DTC) is the rough diamond sales and distribution arm of the De Beers Group. The DTC sorts, values and sells about 35% of the world's rough diamonds by value.[1] The DTC has a combination of wholly owned and joint venture operations in South Africa (DBSSSA), Botswana (DTCB and DBGSS), and Namibia (NDTC).[2]
Overview
The DTC sells diamonds sourced from De Beers' operations and government partnerships in South Africa, Canada, Botswana, and Namibia. In Johannesburg, Windhoek and Gaborone, these are sorted into 12,000 categories based on size, shape, quality, and colour. The company also develops proprietary technology to ensure consistent assortments for its clients, known as Sightholders.[3]
The DTC's Sightholders are required to comply with the De Beers's Best Practice Principles (BPP)s which set out various objective standards of conduct within three main areas – Business responsibilities; Social responsibilities; Environmental responsibilities. The BPPs ensure that the De Beers Group, DTC Sightholders and applicable third parties are operating to the specific ethical, legal, professional, social and environmental standards. The DTC also requires its clients to be 100% committed to the Kimberley Process.[4]
The Kimberley Process started when Southern African diamond-producing countries met in Kimberley, South Africa, in May 2000, to discuss ways to stop the trade of 'conflict diamonds' and ensure that diamond purchases were not funding violence or terrorism activities.[5] In December 2000, the United Nations General Assembly adopted a landmark resolution supporting the creation of an international certification scheme for rough diamonds. By November 2002, negotiations between governments, the international diamond industry and civil society organisations resulted in the creation of the Kimberley Process Certification Scheme (KPCS). The KPCS sets out the requirements for controlling rough diamond production and trade. The KPCS became effective in 2003.[6]
See also
References
- ^ "The Diamod Insight Report 2018" (PDF). DebeersGroup. Retrieved 16 March 2026.
- ^ "Inside the Diamond Trading Company". Archived from the original on 18 January 2012. Retrieved 5 January 2012.
- ^ "The Diamond Trading Company (DTC)". Israeli Diamond Industry. 29 September 2016. Archived from the original on 16 March 2026. Retrieved 16 March 2026.
- ^ "Best Practice Principles". The De Beers Group. Archived from the original on 20 December 2011. Retrieved 5 January 2012.
- ^ "Kimberley Process". kimberleyprocess.com. Archived from the original on 3 January 2012. Retrieved 5 January 2012.
- ^ "The Kimberley Process". Global Witness. Archived from the original on 3 April 2015. Retrieved 31 August 2017.